Starbucks turns in record profit


  • Business
  • Saturday, 25 Jan 2003

SEATTLE: Specialty coffee retailer Starbucks Corp has reported record first-quarter profit and sales as it continued to see growth that exceeded analysts’ expectations. 

For the three months ended Dec 31, 2002, Starbucks reported a net income of US$80mil – a 17% jump from its profit of US$68.4mil for the year-earlier period. 

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